Ford Mustang Mach-E running costs
Charging and company-car tax costs for the Mustang Mach-E are rock-bottom, but insurance could be bit pricey and warranty coverage is only average
|Insurance group||Warranty||Service interval||2021/22 company-car tax cost (20%/40%)|
|33-40||3yrs/60,000 miles||1yr/10,000 miles||From £83 / £165|
Like all electric cars, the Mustang Mach-E will be significantly cheaper to run than petrol or diesel-engined equivalents, but it's certainly not the very cheapest electric car to run. For one, its high list price means finance repayments (as a private buyer) or company-car tax (as a business user) will be higher than for some alternatives.
Based on the average cost of a kWh of energy being 16.3p, charging the Standard Range Mach-E will cost in the region of £12.20 from a home wallbox – and as we've seen, that should get you about 240 miles of driving in real-world conditions. Our experts predict the car will hold on to 54% of its value after three years and 36,000 miles. That means the rear-drive Standard Range model will be worth £20,145 after that period.
Ford Mustang Mach-E insurance group
The Mustang Mach-E is rated in insurance groups from 33 for the entry-level car to 40 for the range-topper. That compares to groups 19-21 for Ford's plug-in hybrid family SUV, the Kuga, so coverage will inevitably be a bit more expensive, all else being equal. It will be cheaper to cover than a Tesla Model 3, though, as the American car is rated in groups 48 to 50 – pretty much the highest there is.
Ford has long sold its cars in the UK with a three-year/60,000-mile manufacturer warranty and that policy hasn't changed with the move to electric. That duration is equivalent to many typical finance deals and company-car terms, so many owners won't mind.
Those hoping to keep their car longer will note that the Hyundai Kona Electric (five years/unlimited miles) and Kia e-Niro (seven years/100,000 miles) both offer more comprehensive coverage. You can buy an extended warranty once the initial cover runs out, however, and the Mach-E's battery is covered by a separate eight-year/100,000-mile guarantee, which protects you against a serious reduction in its capacity to hold charge.
A 'Ford Protect Service Plan' is available for up to three years, letting you choose between monthly payments (available online only) or an upfront lump sum. Either way, Ford says, it's cheaper than paying for the required services individually.
Like all fully zero-emissions cars, the Mustang Mach-E is exempt from UK road tax (also known as Vehicle Excise Duty, or VED) for now – although that could always change in the future, as the proportion of electric cars on the road continues to increase.
In This Review
- 1VerdictFord's first attempt at a dedicated electric car is a success; the Mustang Mach-E is a practical, fast and technologically advanced SUV
- 2Range, battery & chargingThe Mustang Mach-E has very good range figures regardless of which version you go for, along with the necessary rapid-charging capability to make long-distance trips feasible
- 3Running costs - currently readingCharging and company-car tax costs for the Mustang Mach-E are rock-bottom, but insurance could be bit pricey and warranty coverage is only average
- 4Electric motor, drive & performanceThe Mustang Mach-E will be quick enough for most drivers and handles well for something this size, but the proper 'GT' performance version is yet to arrive
- 5Interior & comfortIt's not the last word in luxury inside, but the Mach-E does get an interesting interior design and plenty of up-to-date on-board technology
- 6Practicality & boot spaceFront and rear luggage areas, plus a pretty roomy cabin, mean the Mustang Mach-E scores well in this area
- 7Reliability & safetyThere's no independent crash-test result for the Mustang Mach-E yet, but safety kit is good and we expect reliability to be strong, too